ATLANTA, Aug. 12 /PRNewswire-FirstCall/ -- Aaron Rents, Inc. (NYSE: RNT),
the nation's leader in the rental, sales and lease ownership, and specialty
retailing of residential and office furniture, consumer electronics and home
appliances and accessories, today announced the appointment of two new
officers within its Aaron's Sales & Lease Ownership Division.
Paul A. Doize has been promoted to Vice President, Controller and Steven
A. Michaels has been promoted to Vice President, Franchise Finance.
"The rapid growth of the Aaron's Sales and Lease Ownership Division has
been remarkable over the past number of years," said R. Charles Loudermilk,
Sr., Chairman and Chief Executive Officer of Aaron Rents. "These promotions
are in recognition of the outstanding performance and contributions of Paul
and Steve to the success of the division."
Mr. Doize graduated in 1985 from the University of Louisiana at Lafayette
with a Bachelors of Science degree in Finance. He held various financial and
accounting positions before joining Aaron Rents in 1996 as Controller of the
Aaron's Sales & Lease Ownership Division. Mr. Michaels joined Aaron Rents in
1995 and held various positions within the internal audit department before
being promoted to Director of Franchise Finance in 1999. He graduated from
the University of Florida in 1994 with a Bachelor of Science degree in
Business Administration and has a Masters of Business Administration degree
from Georgia State University. He is also a Certified Public Accountant.
Aaron Rents, Inc. based in Atlanta, currently has more than 1,124 Company-
operated and franchised stores in 46 states, Canada, and Puerto Rico for the
rental and sale of residential and office furniture, accessories, consumer
electronics and household appliances. The Company also manufactures furniture,
bedding and accessories at 10 facilities in four states.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this news release regarding Aaron Rents, Inc.'s
business which are not historical facts are "forward-looking statements" that
involve risks and uncertainties which could cause actual results to differ
materially from those contained in the forward-looking statements. These
risks and uncertainties include factors such as changes in general economic
conditions, competition, pricing, customer demand and other issues, and the
risks and uncertainties discussed under "Certain Factors Affecting Forward
Looking Statements" in the Company's Annual Report on Form 10-K for fiscal
2004, which discussion is incorporated herein by this reference.
SOURCE Aaron Rents, Inc.
CONTACT:
Gilbert L. Danielson
Executive Vice President, Chief Financial
Officer
Aaron Rents
+1-404-231-0011, ext. 3334
(RNT)